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worth more than Itaú
Dogecoin, the meme currency that started as a joke, is now worth more than Itaú, one of the biggest banks in Latin America!
With a market capitalization that surpasses traditional giants, Dogecoin's impact shows the power of the community and the growing interest in "unconventional" digital assets.
With a market capitalization that surpasses traditional giants, Dogecoin's impact shows the power of the community and the growing interest in "unconventional" digital assets.
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CAN BRAZIL BECOME A VENEZUELA?
The market value of Brazil’s public debt currently exceeds R$7 trillion (approximately US$1.4 trillion), representing approximately 90% of the country’s GDP. This reflects a high level of debt, mainly domestic (approximately 85%) and a smaller portion of external debt. High tax burdens and social spending are important factors contributing to the growth of the debt, and the government faces challenges in balancing its public finances, controlling the fiscal deficit, and ensuring economic sustainability.
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TAX COUNTRY CALLED BRAZIL 🇧🇷
Brazil is often cited as one of the countries with the highest tax burden, but it is important to understand the context behind this statement. While Brazil is not, in fact, the highest taxing country in the world in absolute terms, its effective tax burden and complexity can seem heavy when compared to other countries. Let’s explore some factors that explain this perception.
1. High Tax Burden
The tax burden in Brazil, which is the sum of all taxes levied on consumption, income, property and production, is high in relation to the GDP (Gross Domestic Product). According to the IBGE (Brazilian Institute of Geography and Statistics), the Brazilian tax burden is around 33% of the GDP, which places Brazil among the countries with the highest tax burden in the world, although there are countries such as France, Denmark, and Belgium, which have even higher tax burdens.
1. High Tax Burden
The tax burden in Brazil, which is the sum of all taxes levied on consumption, income, property and production, is high in relation to the GDP (Gross Domestic Product). According to the IBGE (Brazilian Institute of Geography and Statistics), the Brazilian tax burden is around 33% of the GDP, which places Brazil among the countries with the highest tax burden in the world, although there are countries such as France, Denmark, and Belgium, which have even higher tax burdens.
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The government wants to appropriate your profits? Understand.
The Draft of the “Decripto” (Declaration of Cryptoassets) that will replace IN 1888 of the Federal Revenue Service is related to the way in which taxpayers must declare possession and transactions of cryptoassets in Brazil, especially with the introduction of Normative Instruction RFB No. 2,077/2023, which updated the regulations on the declaration of cryptoassets in Income Tax.
IN 1888, previously in force, established rules for the declaration of crypto assets, including the obligation to report transactions carried out with crypto assets exceeding R$30,000.00. The new regulation reflects changes in controls and declarations, seeking to bring more transparency and rigor to transactions with cryptocurrencies and other digital assets.
IN 1888, previously in force, established rules for the declaration of crypto assets, including the obligation to report transactions carried out with crypto assets exceeding R$30,000.00. The new regulation reflects changes in controls and declarations, seeking to bring more transparency and rigor to transactions with cryptocurrencies and other digital assets.
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5 High-Potential Cryptocurrencies That Can Turn $500 Into $50,000 In Record Time!
Investing in cryptocurrencies can be a way to achieve significant returns, but it also involves substantial risks. While Dogecoin and Shiba Inu have caught the attention of many investors due to their popularity and rapid returns, many investors are now looking at other cryptos with high growth potential that could generate explosive gains. Here are 5 cryptocurrencies that have attracted attention due to their appreciation potential and that could turn $500 into $50,000 if they succeed as expected:
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Top 3 AI Cryptocurrencies This Week
Artificial Intelligence (AI) cryptocurrencies continue to be a hot topic in the market, with several projects focused on integrating AI with blockchain to improve efficiency, security, and user experience. New projects are gaining prominence every week. Below are this week’s top 3 AI cryptocurrencies that are attracting attention due to their potential for innovation and growth:
1. SingularityNET (AGIX)
• What it is: SingularityNET is one of the most well-known projects in the AI and blockchain space. It offers a decentralized platform where developers can create, share, and monetize AI services. The idea is to create a global AI network, allowing AI systems to interact with each other and work collaboratively.
1. SingularityNET (AGIX)
• What it is: SingularityNET is one of the most well-known projects in the AI and blockchain space. It offers a decentralized platform where developers can create, share, and monetize AI services. The idea is to create a global AI network, allowing AI systems to interact with each other and work collaboratively.
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Wealthy investors, Asians, young people with a higher level of clarity are the majority.
The report on cryptocurrency investor profiles reveals some interesting trends, suggesting that the majority of individuals involved in the crypto market belong to groups with certain demographic, economic, and cultural characteristics. Among the highlights are:
1. Most investors are wealthy
• Higher income: The study found that cryptocurrency investors tend to have a higher income level, with a significant percentage coming from higher income classes. This can be attributed to the high risk involved in crypto and the fact that people with higher purchasing power may be more willing to explore new risky investment options in search of higher returns.
1. Most investors are wealthy
• Higher income: The study found that cryptocurrency investors tend to have a higher income level, with a significant percentage coming from higher income classes. This can be attributed to the high risk involved in crypto and the fact that people with higher purchasing power may be more willing to explore new risky investment options in search of higher returns.
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Investor turns $26 into $61 million with PEPE
The case of an investor who turned $26 into $61 million with PEPE is an example of how the cryptocurrency market, especially meme tokens like PEPE, can be extremely volatile and sometimes generate unexpected profits.
PEPE is a token inspired by the Pepe the Frog meme, which has gained great popularity on social media. Initially launched as a coin without great pretensions, PEPE has experienced an explosive appreciation in the cryptocurrency markets, leading some investors to obtain astronomical returns. The example of someone who invested just US$26 and obtained US$61 million illustrates the speculative and risky nature of these investments, but also the possibility of exceptional gains in very volatile markets.
PEPE is a token inspired by the Pepe the Frog meme, which has gained great popularity on social media. Initially launched as a coin without great pretensions, PEPE has experienced an explosive appreciation in the cryptocurrency markets, leading some investors to obtain astronomical returns. The example of someone who invested just US$26 and obtained US$61 million illustrates the speculative and risky nature of these investments, but also the possibility of exceptional gains in very volatile markets.
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Brazilian Reclaims Title of “Dogecoin Millionaire”
Glauber “ProTheDoge” Contessoto once had $15 million in Dogecoin, but lost his gains when the market crashed. Now he has a second chance
Decrypt
15 nov, 2024 17:30
Photo: Disclosure/X/@ProTheDoge
The “Dogecoin millionaire” has been on a wild ride in recent years, with his net worth peaking at $3 million and then plummeting to the hundreds of thousands. But with the leading memecoin surging to a price not seen since 2021, he has reclaimed the title.
Brazilian Glauber Contessoto spent his life savings and maxed out his credit cards to buy $180,000 worth of Dogecoin in late 2020 and early 2021. The following year, his stash increased in value to $3 million, but he didn’t sell it.
Decrypt
15 nov, 2024 17:30
Photo: Disclosure/X/@ProTheDoge
The “Dogecoin millionaire” has been on a wild ride in recent years, with his net worth peaking at $3 million and then plummeting to the hundreds of thousands. But with the leading memecoin surging to a price not seen since 2021, he has reclaimed the title.
Brazilian Glauber Contessoto spent his life savings and maxed out his credit cards to buy $180,000 worth of Dogecoin in late 2020 and early 2021. The following year, his stash increased in value to $3 million, but he didn’t sell it.
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government confiscates savings money
The episode that became known as the savings confiscation occurred in Brazil in 1990, during the government of President Fernando Collor de Mello. On March 16, 1990, Collor announced a package of economic measures with the aim of combating the hyperinflation that the country was facing at the time. This package included the freezing of bank accounts, known as the savings confiscation.
According to the measure, the checking and savings accounts of all Brazilians were temporarily blocked. The government withdrew funds from accounts that had more than 50,000 new cruzados (the currency at the time), and this money was “frozen” for a period, with the promise of returning it in monthly installments after a few months. The measure directly affected the population’s confidence in the banking system and caused great revolt, as many people lost part of their savings.
According to the measure, the checking and savings accounts of all Brazilians were temporarily blocked. The government withdrew funds from accounts that had more than 50,000 new cruzados (the currency at the time), and this money was “frozen” for a period, with the promise of returning it in monthly installments after a few months. The measure directly affected the population’s confidence in the banking system and caused great revolt, as many people lost part of their savings.
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Crypto Market in “Extreme Greed” May Need Leverage Before BTC Hits $100K
The last time the Crypto Fear and Greed Index recorded a score of 80 was on April 9, shortly before Bitcoin suffered an 18% correction over the following three weeks.
Cryptocurrency markets may be overheating during the current parabolic rally, with some industry leaders warning of a possible deleveraging ahead of the next leg of the rally.
Crypto investor sentiment hit 80, or “extreme greed,” on Nov. 12, a day after Bitcoin price BTC
Cryptocurrency markets may be overheating during the current parabolic rally, with some industry leaders warning of a possible deleveraging ahead of the next leg of the rally.
Crypto investor sentiment hit 80, or “extreme greed,” on Nov. 12, a day after Bitcoin price BTC
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why buy small amounts of each cryptocurrency that is created at launch 🚀
Buying small amounts of various cryptocurrencies can be a strategy adopted by some people for a variety of reasons, including:
1. Risk diversification: As with other investments, diversification can help reduce risk. By purchasing small amounts of multiple cryptocurrencies, an investor tries to protect themselves against drops in the value of any particular asset.
2. Growth potential of new cryptocurrencies: The cryptocurrency market is highly dynamic, with new coins constantly emerging. Some investors buy small amounts of these new cryptocurrencies in the hope that they will appreciate substantially in value in the future, as has happened with Bitcoin, Ethereum, and other popular coins.
1. Risk diversification: As with other investments, diversification can help reduce risk. By purchasing small amounts of multiple cryptocurrencies, an investor tries to protect themselves against drops in the value of any particular asset.
2. Growth potential of new cryptocurrencies: The cryptocurrency market is highly dynamic, with new coins constantly emerging. Some investors buy small amounts of these new cryptocurrencies in the hope that they will appreciate substantially in value in the future, as has happened with Bitcoin, Ethereum, and other popular coins.
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If you had invested without $100 usdt in Dogecoin
If you had invested $100 in Dogecoin at the time Elon Musk first tweeted about the coin in 2014, you would have seen an extraordinary increase in the value of that investment.
Context of Elon Musk's First Tweet:
Elon Musk began interacting with the Dogecoin community on Twitter more prominently in 2018, but his first notable tweet about the currency was in 2014. At that time, Dogecoin was still a “memecoin,” a currency based on an internet meme , without a clear proposal for use or valorization.
Context of Elon Musk's First Tweet:
Elon Musk began interacting with the Dogecoin community on Twitter more prominently in 2018, but his first notable tweet about the currency was in 2014. At that time, Dogecoin was still a “memecoin,” a currency based on an internet meme , without a clear proposal for use or valorization.
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What's stopping you from starting small?
Invest in BITCOIN ASAP!! Don't be a fool.
Programmed Scarcity: Bitcoin has a limited supply of 21 million units, which creates a scarcity similar to gold. As global adoption increases and more people seek to invest, this limitation can create increasing pressure on the price.
• Growth History: Bitcoin has shown substantial appreciation over time, especially after periods of corrections and volatility. Many investors believe that BTC will continue to be a store of value in a scenario of inflation and devaluation of fiat currencies.
2. Growing Adaptation and Institutional Adoption
• Institutional Adoption: Large companies and financial institutions, such as Tesla, MicroStrategy and several investment funds, are increasingly investing in Bitcoin, which helps to legitimize the cryptocurrency and strengthen its position as “digital gold”. • Integration into the Financial System: With the rise of futures options, ETFs (Exchange Traded Funds) and other financial instruments that enable investment in Bitcoin, it is becoming increasingly accessible to traditional investors, driving mass adoption.
3. Protection Against Inflation and Devaluation of Fiat Currencies
• Safe Haven: In times of economic uncertainty, such as mass money printing by central banks, Bitcoin is seen as a hedge against inflation. Unlike fiat currencies, Bitcoin has a predetermined monetary policy, meaning that its supply cannot be increased arbitrarily.
• Decentralization: BTC is not dependent on governments or central banks, which makes its value more resistant to inflationary economic policies. For those seeking an alternative to the traditional financial system, Bitcoin offers a decentralized store of value.
#biticoin $BTC
Invest in BITCOIN ASAP!! Don't be a fool.
Programmed Scarcity: Bitcoin has a limited supply of 21 million units, which creates a scarcity similar to gold. As global adoption increases and more people seek to invest, this limitation can create increasing pressure on the price.
• Growth History: Bitcoin has shown substantial appreciation over time, especially after periods of corrections and volatility. Many investors believe that BTC will continue to be a store of value in a scenario of inflation and devaluation of fiat currencies.
2. Growing Adaptation and Institutional Adoption
• Institutional Adoption: Large companies and financial institutions, such as Tesla, MicroStrategy and several investment funds, are increasingly investing in Bitcoin, which helps to legitimize the cryptocurrency and strengthen its position as “digital gold”. • Integration into the Financial System: With the rise of futures options, ETFs (Exchange Traded Funds) and other financial instruments that enable investment in Bitcoin, it is becoming increasingly accessible to traditional investors, driving mass adoption.
3. Protection Against Inflation and Devaluation of Fiat Currencies
• Safe Haven: In times of economic uncertainty, such as mass money printing by central banks, Bitcoin is seen as a hedge against inflation. Unlike fiat currencies, Bitcoin has a predetermined monetary policy, meaning that its supply cannot be increased arbitrarily.
• Decentralization: BTC is not dependent on governments or central banks, which makes its value more resistant to inflationary economic policies. For those seeking an alternative to the traditional financial system, Bitcoin offers a decentralized store of value.
#biticoin $BTC
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Bitcoin at US$400 thousand.
Expectations: Several analysts and experts have made predictions about the price of Bitcoin in 2028, ranging from US$120,000 to more than US$400,000.
Lower Supply: Halving will halve the amount of new Bitcoins created, which could increase scarcity and potentially the price.
History: Historically, previous halvings have been followed by periods of rising price 🚀$BTC
Expectations: Several analysts and experts have made predictions about the price of Bitcoin in 2028, ranging from US$120,000 to more than US$400,000.
Lower Supply: Halving will halve the amount of new Bitcoins created, which could increase scarcity and potentially the price.
History: Historically, previous halvings have been followed by periods of rising price 🚀$BTC
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The next Bitcoin halving is expected to occur around 2028.
What is a halving?
A halving is a programmed event in the Bitcoin protocol that halves the block reward awarded to miners. This means that every 210,000 blocks mined, the number of new Bitcoins created is reduced by half.
Why is a halving important?
Scarcity: The halving contributes to Bitcoin's scarcity, one of its main attractions as a digital asset.
Inflation: By limiting supply, the halving helps control Bitcoin's inflation.
Value: Historically, previous halvings have been followed by periods of high Bitcoin prices,
although there is no guarantee that this will happen again in the future.
Important: The exact date of the next halving may vary slightly, as it depends on the mining time of each block. However, the most likely estimate is for 2028.
#TopCoinsSeptember2024 $BTC $DOGE
What is a halving?
A halving is a programmed event in the Bitcoin protocol that halves the block reward awarded to miners. This means that every 210,000 blocks mined, the number of new Bitcoins created is reduced by half.
Why is a halving important?
Scarcity: The halving contributes to Bitcoin's scarcity, one of its main attractions as a digital asset.
Inflation: By limiting supply, the halving helps control Bitcoin's inflation.
Value: Historically, previous halvings have been followed by periods of high Bitcoin prices,
although there is no guarantee that this will happen again in the future.
Important: The exact date of the next halving may vary slightly, as it depends on the mining time of each block. However, the most likely estimate is for 2028.
#TopCoinsSeptember2024 $BTC $DOGE
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In the context of cryptocurrencies, a whale is a term used to refer to an investor or entity that holds a large amount of a specific cryptocurrency. These whales have the power to influence the price of the currency due to the significant volume of assets they control.
Whales are often responsible for large transactions that can cause large fluctuations in the market, especially in cryptocurrencies with low liquidity. For example, if a whale decides to sell a large amount of Bitcoin or Ethereum at once, this can cause a significant drop in the price due to the increased supply in the market.
Characteristics of Whales:
1. Holds a large amount of currency: Whales are generally defined as those who hold 1,000 or more Bitcoins (or equivalent in other cryptocurrencies), but the number can vary depending on the currency.
2. Market influence: Their actions can significantly affect the price of a cryptocurrency, whether through large-scale buying or selling.
3. Market strategies: Some whales may deliberately manipulate the market to make a profit, for example by selling large amounts of a cryptocurrency to force a price drop and then buying it back at lower prices.
Whales play a crucial role in cryptocurrency markets, being both a force for stability and a source of volatility.#TopCoinsSeptember2024 $BTC $DOGE $
Whales are often responsible for large transactions that can cause large fluctuations in the market, especially in cryptocurrencies with low liquidity. For example, if a whale decides to sell a large amount of Bitcoin or Ethereum at once, this can cause a significant drop in the price due to the increased supply in the market.
Characteristics of Whales:
1. Holds a large amount of currency: Whales are generally defined as those who hold 1,000 or more Bitcoins (or equivalent in other cryptocurrencies), but the number can vary depending on the currency.
2. Market influence: Their actions can significantly affect the price of a cryptocurrency, whether through large-scale buying or selling.
3. Market strategies: Some whales may deliberately manipulate the market to make a profit, for example by selling large amounts of a cryptocurrency to force a price drop and then buying it back at lower prices.
Whales play a crucial role in cryptocurrency markets, being both a force for stability and a source of volatility.#TopCoinsSeptember2024 $BTC $DOGE $
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Within a few days, the whales started selling
So far, there has been no sign of a decline🚀
So far, there has been no sign of a decline🚀
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Dogecoin’s recent surge can be attributed to a few key factors:
1. Elon Musk’s endorsement: The Tesla and SpaceX founder continues to push Dogecoin with tweets and statements, attracting the attention of both individual and institutional investors.
2. Increased Adoption and Usage: Some companies have started accepting Dogecoin as a form of payment, increasing its utility and, consequently, its demand.
3. Positive Market Sentiment: The general optimism in the cryptocurrency market, especially with the rise of Bitcoin and other altcoins, has generated a “capital inflow” effect that has also benefited Dogecoin.
4. Speculation and FOMO: Investor enthusiasm, fueled by the “fear of missing out” (FOMO), has contributed to a sudden increase in the price of the coin.
These factors, combined, have led to the recent surge in the price of Dogecoin. #Dogecoin $DOGE
1. Elon Musk’s endorsement: The Tesla and SpaceX founder continues to push Dogecoin with tweets and statements, attracting the attention of both individual and institutional investors.
2. Increased Adoption and Usage: Some companies have started accepting Dogecoin as a form of payment, increasing its utility and, consequently, its demand.
3. Positive Market Sentiment: The general optimism in the cryptocurrency market, especially with the rise of Bitcoin and other altcoins, has generated a “capital inflow” effect that has also benefited Dogecoin.
4. Speculation and FOMO: Investor enthusiasm, fueled by the “fear of missing out” (FOMO), has contributed to a sudden increase in the price of the coin.
These factors, combined, have led to the recent surge in the price of Dogecoin. #Dogecoin $DOGE
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The Importance of Elon Musk in Dogecoin: The Impact of a Figure on the Crypto Market
In recent years, few public figures have exerted as powerful an influence on the cryptocurrency market as Elon Musk. The businessman, known for his leadership at the helm of companies such as Tesla and SpaceX, has become a central figure in the narrative of several cryptocurrencies, with special emphasis on Dogecoin. Although Dogecoin was created in 2013 as a “meme currency,” its trajectory has been profoundly transformed by Musk’s support and promotion. This article explores how and why Elon Musk played a key role in the growth and popularity of Dogecoin.$DOGE #DOGE🔥🔥
In recent years, few public figures have exerted as powerful an influence on the cryptocurrency market as Elon Musk. The businessman, known for his leadership at the helm of companies such as Tesla and SpaceX, has become a central figure in the narrative of several cryptocurrencies, with special emphasis on Dogecoin. Although Dogecoin was created in 2013 as a “meme currency,” its trajectory has been profoundly transformed by Musk’s support and promotion. This article explores how and why Elon Musk played a key role in the growth and popularity of Dogecoin.$DOGE #DOGE🔥🔥